Large Portfolio – Adverse Creditcase study
A client was introduced to us with a portfolio of over 30 properties valued at over £4m. Due to the the economic downturn, our client went into default on multiple mortgages. Their portfolio provided them with their only source of income, therefore selling these properties wasn’t an option to clear these debts.
We were able to assist our client to raise a loan totalling just over £3m to refinance the whole portfolio with one mortgage lender.
The funding allowed them to clear the defaulted mortgages and start the credit repair process.